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Article on The Mirage

Discussion in 'LV Strip Hotels' started by hail2skins, Nov 25, 2019.

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  1. hail2skins

    hail2skins VIP Whale

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  2. luck.ofthe.draw

    luck.ofthe.draw VIP Whale

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    This was a fun and interesting read, thank you for sharing!!
     
    Quality time for me!
    Starting off 2022 on the right foot! Winning!
  3. Kachow

    Kachow VIP Whale

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    I enjoyed that article a lot. Good to see that they recognized the genius of SW and didn’t go sermonizing about his downfall.
     
    Adding a couple days to the trip.
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  4. Geogran

    Geogran mama owl

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    Enjoyed all the history of not only Mirage but all the various players like Jay Sarno’s Caesars Palace where these mega resorts started. I have a better appreciation of the vision and genius behind these folks.

    Thanks @hail2skins for sharing this!
     
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  5. vegas30326

    vegas30326 Low-Roller

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    Great article! Thanks for sharing!
     
  6. nostresshere

    nostresshere Mr. Anti Debit Card

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    Very interesting article. Makes you look at Vegas a bit different.

    Thanks for sharing.
     
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  7. VegasBJ

    VegasBJ VIP Whale

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    good read, and well written by the author
     
  8. journaljim

    journaljim Low-Roller

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    Really good insight. Looking forward to more "positive emotional experiences" next month!
     
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  9. ffejry

    ffejry #1 Bears Fan

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    Glad to read an article about the actual positives of Steve Wynn. We all have our negatives (and Steve's negatives probably outweigh the 99% of ours), but even then - Steve did something good for Vegas, and it is nice to read and appreciate what he did.

    Now, I just finished reading the article, which took a while. But am I wrong.... did he not do the Bellagio too? I will Google in a minute, LOL, but I thought the Bellagio would be a bigger deal than the Mirage........

    Anyway, for the record, I am totally against Steve for what he did to women, and would not mind if they changed the Wynn to some other name (understandably so). I will always respect what Steve did to make Vegas today............ well, what it is today. That, you can't take away from Steve. He's still a POS.
     
  10. hail2skins

    hail2skins VIP Whale

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    This is the operative context early in the story:

    It’s difficult to imagine Las Vegas in the mid-1980s. There had been no new large Strip development since the first MGM Grand in 1973, which had been sold and rebranded as Bally’s.

    Scarred by a tragic fire that struck the Grand in 1980, killing 87 people and injuring hundreds more, founder Kirk Kerkorian had withdrawn from the industry. Las Vegas giant Caesars World was focused on Atlantic City, and Bennett and Pennington’s publicly traded Circus Circus Enterprises was investing in Reno and Laughlin. The famed Dunes fell into bankruptcy, as did the Riviera. Jay Sarno died in 1984, his planned 6,000-room Grandissimo resort died with him. The local scuttlebutt focused on Imperial Palace owner Ralph Engelstadt’s Nazi-themed parties, the unwinding of Howard Hughes’ vast legacy, and ongoing conflict between the city’s casinos and the Culinary Workers Union.

    Vegas was going through a slide in the late 70s and early 80s, with casinos opening in Atlantic City ending Nevada's monopoly on legalized gambling. Plus the recession in the early 80s. Vegas was making a bit of a rebound in the mid-80s as the economy got better, but, again, the Mirage was the first new place to open on the Strip since 1973 and was transformative in its scale compared to the resorts that had been built before it. Bellagio (opened in 1998) was also a big deal and, IMO, remains Steve's signature creation, but was not the game-changer that the Mirage turned out to be.
     
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  11. Kachow

    Kachow VIP Whale

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    Could not agree more. Bellagio would not have been possible were it not for Mirage. Even though Bellagio was bigger and more expensive, Mirage was the true leap that nobody but Wynn and his team and whoever they lined up for financing truly believed was going to be the game changer it ended up being. Without Mirage we would not have had Bellagio, Venetian, or probably any of the true mega resorts built in the 90’s and early 00’s.
     
    Adding a couple days to the trip.
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